U.S. Household Debt up $193 Billion

U.S. household debt rose for the 14th straight quarter in the final three months of 2017, pushing further into record territory as confident Americans added to mortgage loans and credit-card balances.

The Federal Reserve Bank of New York said Tuesday that household debt rose by $193 billion to $13.15 trillion last quarter, completing the fifth straight year overall balances increased. Total debt was the most on record, though the figure wasn’t adjusted for inflation or population growth.